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AmCham Promotes Business Services At Inspiring Hungary

  • October 30, 2019
AmCham had the honor to showcase the business services sector in Hungary at the exclusive Inspiring Hungary conference organized by the Hungarian Investment Promotion Agency on October 1.

The day-long conference gave a unique opportunity to connect key investors and economic stakeholders from home and abroad as well as to expand networks, while learning more about the country’s key assets, economic successes and innovation abilities through clusters, keynotes and round tables with leading experts and government officials.

AmCham’s Innovation and Business Services cluster was opened with an inspirational welcome speech by Péter Szalay, chief operating officer at IBM Hungary, who highlighted dedicated entrepreneurs and talents who dared to dream big and achieved the unachievable, setting an example for all of us. “Innovation is triggered by curious and courageous individuals who look beyond the conventional and come up with unprecedented answers and ideas,” said AmCham President Dr. Farkas Bársony, opening the round table discussion. The panel, consisting of Dr. György Drótos (Corvinus University of Budapest), Kata Krecsmári-Kővári (LogMeIn), Kevin Murray (Citi), Prabal Datta (Tata Consultancy Services) and Zoltán Szabó (BT) came together to discuss why regional and global decisions are made in favor of Hungary.

    

The emphasis was firmly on Hungary as an ideal investment destination, a place to find innovative partners, a skilled workforce and an economic environment with favorable taxation and infrastructure. Undoubtedly, the business service sector has demonstrated a steady growth in Hungary in the past 15 years, during which time the service portfolio has expanded to include more high value-added services. BT’s Szabó highlighted the importance of raising sector awareness to attract and retain talented individuals. For this reason, AmCham has provided a platform to more than 20 companies to launch a sector-wide cooperation that helps prospective employees become more familiar with the BSS.

The services sector incluiding business services, engineering and R&D activities has become a leading driver for job creation for inward FDI, especially in recent years in Hungary. Business service centers providing HR, finance and IT services are transforming into Centers of Excellence, offering complex high added-value jobs to youngsters; meaningful tasks are also guaranteed at engineering and R&D hubs.